Copper update - 18 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
Copper - entering 80 day cycle trough zone?
In Monday's macro outlook we were looking lower for the 80 day cycle trough. Price has continued to fall across the week, but with an uplift in China indices, we could be seeing a bottoming formation now. It is time to consider targets and confirmation levels:
